Titan Medical Inc. (NASDAQ:TMDI) Stock Soars 15%: What’s The Buzz?

Titan Medical Inc. (NASDAQ:TMDI) has jumped 14.5%. The company recently announced the appointment of Stephen Lemieux as its CFO. Lemieux has over 18 years of working experience in several TSX and Nasdaq-listed companies in the health care sector.

He has been involved with several equities and debt financing, M&A transactions, and licensing valued at more than $400 million. Lemieux is a certified CPA, and most recently, he was NeuPath health Inc.’s Secretary and CFO.

Commenting on the appointment, Lemieux said that Titan is a robotic single access surgery innovation leader. This is an exciting moment to join the company as its ENS robotic single access surgery system attains several milestones.

He added that he is delighted to join a dedicated and talented team. He is looking forward to offering his capital markets and financial experience to help the company meet its anticipated milestones and goals. So in the coming weeks, TMDI is a stock to watch.

Market Reaction:

On Wednesday, TMDI stock soared 14.65% at $1.80 with more than 1.39 million shares, compared to its average volume of 773k shares. The stock has moved within a range of $1.5800 – 1.8299 after opening the trade at $1.56. Over the past 52-week, the stock has been trading within a range of $0.5700 – 3.4700.